50 S Virginia St - Office FOR SALE


Reno, NV 89501- Midtown Reno
$19,000,000 USD
775-762-7990
50 S Virginia St, Reno, NV for Sale
$19,000,000 USD
Office - FOR SALE
1/46
null | Request Cap Rate

50 S Virginia St
Reno, NV 89501
Midtown Reno


HIGHLIGHTS

  • Historical Art Deco Building with Modern Amenities and Restored Architecture
  • Building uses environmentally friendly GeoThermal heat pump system

OVERVIEW

Colliers is pleased to present the historic Post Office Building in the heart of downtown Reno for sale. 50 South Virginia is a 58,323 square foot mixed-use building consisting of three levels and a finished and occupied basement called The Basement. The property was built in 1934 and was a Post Office until 2012 when the current owner purchased the property from the Federal Government. Property is situated between the Truckee River Bridge and The Pioneer Center. It overlooks the Truckee River. Since their acquisition, the new owners have completely upgraded the property, within reason, and per the National Historical Registry standards. Owners have restored the skylight that is over the first floor and open space on the second and third floor, which allows natural light to flow into the interior of the building. The windows were replaced with thermal and operable windows.

FOR SALE DETAILS

PRICE

$19,000,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Old Reno Post Office

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1934

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,059 SF

ZONING

MUDR

APN/PARCEL ID

011-605-02

ASK ABOUT THIS PROPERTY

Melissa MolyneauxColliersMore Info
775-762-7990

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Melissa MolyneauxColliersMore Info
775-762-7990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.